What are Credit Notes?
Credit Notes Management allows businesses to handle customer or vendor refunds, returns, and adjustments efficiently. It ensures accurate accounting by reversing or reducing previously issued invoices or bills while keeping full traceability of every transaction.
Key Features of Credit Notes
- Invoice Adjustment – Create credit notes to correct or cancel incorrect invoices.
- Customer Returns – Issue credits for product returns or service cancellations.
- Vendor Refunds – Record refunds received from suppliers against vendor bills.
- Automatic Reconciliation – Link credit notes directly with related invoices or bills.
- Partial & Full Credits – Manage both full and partial credit amounts easily.
- Tax Handling – Automatically apply proper tax adjustments on credited amounts.
- Multi-Currency Support – Handle credit notes in different currencies with accurate conversion.
- Approval Workflow – Enable validation before posting credit notes for better control.
- Reporting & Audit Trail – Track all credit transactions with complete transparency.
- Integration with Accounting – Reflect all credit adjustments instantly in financial reports.
✅ Bonus: With Odex Credit Notes, you can manage refunds and returns seamlessly, maintain clean financial records, and ensure error-free reconciliation between customers and vendors.
